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Answer Posted / laxman
journal ledger is also called primary book,day to day
transactions are entered in journal
| Is This Answer Correct ? | 44 Yes | 15 No |
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
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